High-net-worth investors, industry leaders and stakeholders explored groundbreaking strategies and cutting-edge innovations that shape the landscape of wealth management at the Cordros Wealth Summit.

The summit also featured transgenerational wealth transfer, with the theme, ‘The Future of Wealth’.

The Chairman of Cordros Capital, Charles Osezua, an engineer, who spoke on ‘Wealth Management and Family Legacy’ commended Cordros for putting together the summit, saying it would shape the future of wealth management.

While speaking on managing family wealth and legacy, the chairman pointed out that achieving a family vision is more than a water-tight financial structure.

He stated that managing family wealth requires the deliberate application of principles, just like managing a business.

According to him, it is only by applying those principles that people can achieve their financial vision and build a legacy.

He noted that a lot of people creating wealth spend less time with family and fail to transfer the values that made them succeed in their businesses to their respective heirs.

“Yes, we have built a comfortable home environment, and we have created an inheritance but because some of us failed to transfer values to our family, it is discovered that our vision gets jettisoned and then you see families in court trying to find a way forward after the wealth creator is no more, and in the process, a legacy that the wealth creator built over the years is destroyed,” he said.

While proffering a solution, he stressed the need for a principle-centered approach in the management and transfer of wealth.

While speaking on the future of wealth, the Managing Director, Cordros Trustees, Ifeoma Udom, said wealth creators have to be deliberate about their plan of wealth transfer by teaching their children the value of their business.

According to her, the family governance structure is important, as one can achieve that by having a family office.

Managing Director of Cordros Asset Management, Adegbolahan Aina, said that the event is about knowledge sharing on wealth management and family legacy.

Group Managing Director of Cordros Capital, Wale Agbeyangi, in his speech about Cordros and their track records, said it has made significant progress as a credible capital market operator.

“We have evolved into a financial services super house comprising six subsidiaries with over a hundred staff members in Lagos, Abuja and Port Harcourt.